S- I/A Table of Content' We Have a Strong Controls Operation We have built a strong controls operation that helps us manage our risks and work collaboratively with our clients on control-related issues. We have invested significantly. hiring control professionals from leading, highly-regulated global organizations with deep experience in twhnology, financial services, payments. cfter-security and related fields. This providies us with a stable controls environment around enterprise risk management. undenvriting and credit risk, third-party risk, and regulatory' compliance, among other areas. It also makes us an attractive third- party provider for all of our clients, but particularly for our financial institution clients and partners, who are under intense regulatory scrutiny. We are a ousted partner who can speak credibly on control-relatwi matters and who can work collaboratively to find solutions. We believe these capabilities help us retain and win clients. Our Experienced, World-Class Management Team Has a Track Record of Execution Beginning with the hiring of Frank Bisignano, our Chairman and Chief Executive Officer and the former co-chief operating officer of JEMorgan Chase & Co., in April 2013, we have built a world-class management team as part of our transformation efforts. Beyond the Management Committee, over two thirds of our top 150 management executives have been hired since May 2013, bringing with them extensive operating experience in the financial services, payments. and technology industries and a track record of execution at leading public companies. Our new management team has already had a significant impact on First Data's performance, launching numerous new products including our new Clover operating system. completing the development of several strategic partnerships, and significantly strengthening our capital position. Our Strategies Our competitive strengths have positioned us favorably to pursue a variety of opportunitie